For the most part ALL Promissory Notes and their security instrument provide for the Mortgagee (or it's agents such as the Servicer) to Advance to preserve and protect their interests in the real property.  

The contract to purchase would be the instrument which affords the time to execute the deed and the exclusivity for the Buyer.  

Title co. then need to issue gap insurance as who knows what kind of crook could slip an instrument in between the time you buy and you actually record.

While not impossible or relatively uncommon it is not all that common due to the nature of the security instrument and the ordinary course of business most Mortgagee and Servicers conduct in the state.  

You may wanna check on various podcasts and forum posts, they've been instrumental in a lot of the ways I analyze deals.Best~Lydia

Thanks, RZYou can use your degree or schooling as part of your employment time frame if you can document that the major you studied was instrumental in helping you obtain your current occupation or is in the same field as your major. (2 year employment history)This allows you to bypass the 2 year employment and tax return dilemma.

It is a wise instrument to record for the investor with a seller in a sandwich lease option.  

Everyone will hopefully find their fine balance of: - liquidity and liquid reserves - asset/equity growth goals - debt management and cash flow management by strategically managing loan terms, notes payable, allocating, shifting, and replacing the more expensive debt instruments with less costly and better terms (fixed, no balloons, non interest rate sensitive) - tax planning - recoop losses from your financial bucket to be redirect to higher purposes or returns - estate tax planning - if you're over 5.34 mil and cannot siphon off your wealth quick enough through the 14k gift allowed annually per person- risk management - since each person has their own risk tolerance for each of the above categories To focus on just equity growth with out considering the other areas of planning may be very risky but thats just my opinion.

Well, of course the note and the mortgage are two different instruments.

The Bigger Pockets community has been instrumental in my investing growth!